Existing Collateral. The Substituted Collateral required to be provided by Creole and Dampkraft hereunder shall, except to the extent provided otherwise in this Agreement, be subject to all of the terms and conditions applicable to the Existing Collateral pursuant to the Existing Reinsurance Agreements to the same extent that such terms and conditions applied to the Existing Collateral thereunder.
Existing Collateral. The Substituted Collateral required to be provided by MII and B&W hereunder shall, except to the extent provided otherwise in this Agreement, be subject to all of the terms and conditions applicable to the Existing Collateral pursuant to the Existing Insurance Agreements to the same extent that such terms and conditions applied to the Existing Collateral thereunder.
Existing Collateral. Borrower hereby acknowledges and agrees that all security interests granted by Borrower to secure the indebtedness under the Prior Credit Agreement secures the Obligations under this Agreement, the Indenture Documents and the Hibernia Term Loan Agreement.
Existing Collateral. Borrower, in its capacity as Borrower under the Credit Agreement and in its capacity as Pledgor under the Second Amended and Restated Pledge and Security Agreement dated effective as of September 26, 2013 (the “Pledge Agreement”), between Borrower and the Administrative Agent, as Secured Party, acknowledges and agrees that the Collateral pledged pursuant to the Pledge Agreement shall continue to secure the payment of its Obligations under the Credit Agreement as amended by this First Amendment and hereby acknowledges, affirms and grants and re-grants the security interests of the Pledge Agreement to secure the Obligations.
Existing Collateral. The Substituted Collateral required to be provided by SpinCo and RemainCo hereunder shall, except to the extent provided otherwise in this Agreement, be subject to all of the terms and conditions applicable to the Existing Collateral pursuant to the Existing Insurance Agreements to the same extent that such terms and conditions applied to the Existing Collateral thereunder.
Existing Collateral. Borrower hereby ratifies, affirms and restates the security interests previously granted by Borrower to Lender as collateral for the Loan as follows: Borrower grants to Lender a security interest in all of Borrower's now owned or hereafter acquired accounts, inventory and the proceeds thereof, and Borrower acknowledges and agrees that such security interests are and shall continue as valid and binding security interests securing the payment and performance of Borrower's obligations under and in connection with the Loan and the Note. Borrower acknowledges and agrees that such continuing security interests granted to Lender include all of Borrower's now owned or hereafter acquired accounts, chattel paper, instruments and documents (collectively, "Accounts"), inventory, and all proceeds (cash and non-cash) and products thereof, and all returned, rejected or repossessed goods, the sale or lease of which shall have given or shall give rise to an Account and all cash and non-cash proceeds and products of all such goods.
Existing Collateral. The Collateral Agent shall notify the Lender and the Advisor on any Business Day that the Collateral Agent determines that any of the Existing Collateral can be sold at a value that approximates amortized cost and, if instructed by the Lender or the Advisor, sell such Existing Collateral. Unless Lender or the Advisor instructs Collateral Agent to the contrary, Collateral Agent is hereby authorized and directed to hold Existing Collateral until maturity. Any proceeds from the sale of Existing Collateral or Proceeds with respect to Existing Collateral including payments of principal upon maturity shall be credited to the Collateral Account and invested by Collateral Agent in Authorized Investments on payable date.
Existing Collateral. To secure all of Borrower's obligations to Standard Federal, including, but not limited to, the Liabilities, Borrower has granted to Standard Federal mortgages and other security interests in certain of its assets ("Existing Collateral") pursuant to the Original Loan Documents. Standard Federal has valid, perfected liens with a first priority upon the Existing Collateral.
Existing Collateral. All collateral security granted or provided pursuant to the Master Settlement Agreement, any of the Settlement Documents and the Foreclosure Documents, all of which the Debtors ratify, confirm and agree is in full force and effect subject to Section 13 hereof, will also serve as collateral security for the Secured Obligations.
Existing Collateral. Borrower, in its capacity as Borrower under the Credit Agreement and it its capacity as Pledgor under the Security Instruments, acknowledges and agrees that the Collateral pledged pursuant to the Loan Documents shall continue to secure the payment and performance of its Obligations under the Credit Agreement as amended by this First Amendment and hereby grants and re-grants the security interests of the Security Instruments to secure the Obligations.
